ANALYSIS: Peruvian Fishmeal Prices Increase Despite 1.63M mt Second North-Central Anchovy Quota

The price of fishmeal has been on an upward trend in Peru since June 2025 (Figure 1). In October, a more active market was observed, with an increase of 6.9% month-on-month (m-o-m) and 35.0% year-on-year (y-o-y). This price movement may be related to the announcement that the provisional quota for the Second anchovy fishing season of 2025 in north-central Peru by the Ministry of Production (PRODUCE) was only 500,000 metric tons (mt)...
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